Guideline Value for Golden George Nagar Thirumathi Checheli Pushpam Street

Golden George Nagar Thirumathi Checheli Pushpam Street guideline value

The current guideline value for Golden George Nagar Thirumathi Checheli Pushpam Street is Rs 7,100 per sq.ft. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Golden George Nagar Thirumathi Checheli Pushpam Street has changed

The guideline value for Golden George Nagar Thirumathi Checheli Pushpam Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 371 per sq.ft. This increased to Rs 715 per sq.ft in 2003, representing a change of +93%. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007, marking an increase of +180%. In 2012, the value was recorded at Rs 6,500 per sq.ft, which was a substantial increase of +225% from the previous figure. However, between 2012 and 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a change of -33%. The guideline value then rose to Rs 6,500 per sq.ft in 2023, followed by a further increase to Rs 7,100 per sq.ft in 2024, which is a change of +9%.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by +1814%.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is equal to the current guideline value for Golden George Nagar Thirumathi Checheli Pushpam Street.

• Golden George Nagar & Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Vasantha Sreet: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Srinivasan Street: Rs 7,100 per sq.ft (2024)
• Golden George Rathinam Salai: Rs 7,100 per sq.ft (2024)
• Golden George Nagar S. Ettiappan Street: Rs 7,100 per sq.ft (2024)
• Golden George Nagar Samson Saroja Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Golden George Nagar Thirumathi Checheli Pushpam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden George Nagar Thirumathi Checheli Pushpam Street?

The Sub Registrar Office that covers Golden George Nagar Thirumathi Checheli Pushpam Street is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mugappair

The guideline value is a crucial factor when buying or selling property in Mugappair, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the transaction complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Golden George Nagar Thirumathi Checheli Pushpam Street?

The current guideline value for Golden George Nagar Thirumathi Checheli Pushpam Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 371 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, which is an overall increase of +1814%.

What is the land classification for this street?

The land classification for Golden George Nagar Thirumathi Checheli Pushpam Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Golden George Nagar Thirumathi Checheli Pushpam Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,00,000, the stamp duty at 7% would be Rs 4,97,000.